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Why Wages Are Stagnating in Latin America

William Lazonick has shown how the doctrine of “shareholder value” has hurt wages in the United States. But in Latin America, where family corporations dominate, the story is more complicated. Read more

Macroeconomics Predicted the Wrong Crisis

Distracted by the perceived threat of a Chinese savings glut, mainstream macroeconomists missed the writing on the wall of the 2008 crisis Read more